"Every Intel fan, analyst and investor, waited patiently for Intel to slap AMD around a little bit, but the slap never came. They waited for AMD to have inferior products, ramp problems and unprofitably, but they waited in vain. When AMD got clearly ahead in technology and started laying the hurt on Intel, Intel blamed weak demand in Europe. Press and analysts lap it up, but investors decide to punish the whole Nasdaq, which is heavily weighed by Intel. The stark truth is that AMD and Gateway met or exceeded profit expectations and Dell and Intel disappointed."